Quantum Q1 revenue misses estimate
Overview
Quantum fiscal Q1 2026 revenue falls to $64.3 mln, missing analyst expectation, per LSEG data
GAAP net loss narrows to $17.2 mln from $19.9 mln yr ago
Non-GAAP adjusted net loss widens to $14.5 mln from $7.6 mln in prior yr
Outlook
Quantum expects Q2 2026 revenue of $61 mln, plus or minus $2 mln
Company projects Q2 2026 non-GAAP adjusted operating expenses of $27 mln
Quantum anticipates Q2 2026 non-GAAP adjusted net loss per share of $0.26, plus or minus $0.10
Company expects Q2 2026 adjusted EBITDA to be approximately breakeven
Result Drivers
COST STRUCTURE IMPROVEMENTS - Co implemented actions aimed at improving cost structure and balance sheet, per CEO Hugues Meyrath
DEBT REDUCTION - Raised $83 mln in net proceeds from standby equity purchase agreement to prioritize debt reduction
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Revenue | Miss | $64.29 mln | $73.70 mln (1 Analyst) |
Q1 Net Income |
| -$17.21 mln |
|
Q1 Gross Profit |
| $22.71 mln |
|
Q1 Income from Operations |
| -$12.60 mln |
|
Q1 Operating Expenses |
| $35.31 mln |
|
Q1 Pretax Profit |
| -$16.98 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the computer hardware peer group is "buy."
Wall Street's median 12-month price target for Quantum Corp is $19.00, about 57.9% above its September 9 closing price of $7.99
Press Release: ID:nBw4RFwkla
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